Preliminary West Norriton 2013 budget has $248,462 gap

WEST NORRITON — The preliminary, 2013 $11,610,106 budget to be presented to the Board of Commissioners at 7 p.m., Wednesday, has a funding gap of $248,462.

Tax assessments have dipped downward in the past two years. In 2012, total tax assessments dipped by $201,680 to $972,291,657. The tax assessments are projected to drop an additional $599,330 in 2013 to $971,692,327, according to the preliminary budget. The budget is available at www.westnorritontwp.org.

Local tax collections have dropped to 95 percent while previous budgets were based on 100 percent collection rates.

At the current, 2012 millage rate of 3.487 mills the average home assessment of $119,000 generates a real estate tax of $415.

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The preliminary budget has projected revenues of $11,361,644 and expenses of $11,610,106 leaving the budget gap of $248,462.